North Carolina § 159-53 Order approving or disapproving an application

North Carolina Statutes

§ 159-53 — Order approving or disapproving an application

North Carolina § 159-53

Ch. 159Local Government Finance

Art. 4Local Government Bond Act

Subch. IVLONG-TERM FINANCING

This text of North Carolina § 159-53 (Order approving or disapproving an application) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 159-53 (2026).

Text

(a)After considering an application, and conducting a public hearing thereon if one is requested under G.S. 159-52(b), the Commission shall enter its order either approving or denying the application. An order approving an issue shall not be regarded as an approval of the legality of the bonds in any respect.

(b)If the Commission shall enter an order denying an application, the proceedings under this Subchapter shall be at an end. (1931, c. 60, s. 14; 1971, c. 780, s. 1.)

Free access — add to your briefcase to read the full text and ask questions with AI

(a) After considering an application, and conducting a public hearing thereon if one is requested under G.S. 159-52(b), the Commission shall enter its order either approving or denying the application. An order approving an issue shall not be regarded as an approval of the legality of the bonds in any respect.
(b) If the Commission shall enter an order denying an application, the proceedings under this Subchapter shall be at an end. (1931, c. 60, s. 14; 1971, c. 780, s. 1.)